A computer is purchased at Rs. 120,000 and sold at Rs. 96,000, the loss percentage is ______?
Answer: 20
Explanation
To find the loss percentage:
Cost Price (CP) = Rs. 120,000
Selling Price (SP) = Rs. 96,000
Loss = CP - SP = 120,000 - 96,000 = Rs. 24,000
Loss percentage = (Loss / CP) × 100
= (24,000 / 120,000) × 100
= 0.2 × 100
= 20%
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